📉 Over 1 million ETH has been withdrawn from exchanges in the past month, dropping reserves from 18M to nearly 17M. Binance alone saw over 300,000 ETH withdrawn, with withdrawals accelerating as ETH rebounded above $2,400 in May.
📊 According to CryptoRank and CryptoQuant, exchange supply dropped while ETH price surged — a classic signal of bullish momentum driven by reduced circulating supply.
🐋 Whale wallets are making historic moves. On May 12, they accumulated 325,000 ETH — the largest single-day whale inflow ever recorded. This accumulation supports long-term bullish pressure and shows growing investor confidence.
🧊 These large ETH amounts are being moved into cold storage, limiting available supply on trading platforms. The result? Stronger upward momentum for ETH price.
📈 Technical analysts, including TedPillows, point to a rare bullish chart pattern and forecast ETH retesting $3,000 soon — a major psychological resistance level.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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